Gov. Cooper Energy managing director David Maxwell. Data delayed 15 minutes unless otherwise indicated. For full functionality of this site it is necessary to enable JavaScript. instructions how to enable JavaScript in your web browser. Assistant Editor Nicholas Woodroof, The most significant resource, the Sole gas field in the Gippsland Basin, is currently being developed to provide a new source of gas supply for south-east Australia from 2019, Cooper Energy Limited published this content on 26 September 2019 and is solely responsible for the information contained therein. ... MGC Pharmaceuticals Ltd's (ASX:MXC) Roby Zomer speaks to Proactive's Andrew Scott soon after announcing positive results from a pre-clinical study of ArtemiCTM on rats with no pathological changes or differences between the study groups reported. Drilling of Elanora-1 will be considered in the context of future campaigns. Salt Lake Potash on track with Lake Way SOP Project development and funding... Macarthur Minerals strengthens balance sheet by raising A$6.25 million and... Castillo Copper: Shareholders' Q&A session. Cooper Energy (ASX: COE) has provided an update on its offshore Otway gas exploration programme Here are the The discovery comes after the Australian Competition and Consumer Commission (ACCC) warned last month of ongoing high prices and tight gas supply unless barriers to exploration were lifted. Onshore gas extraction was restricted in Victoria in 2014 following anti-fracking campaigning by farming and environment groups. The company has previously said it was targeting 70 petajoules of gas with the Annie prospect. A temporary 500m safety zone will be established around the rig. instructions how to enable JavaScript in your web browser. Mr Maxwell said the gas industry needed certainty from government in terms of policy, arguing the bans were not based on science. "We are very mindful of the environment but at the same time if you want to maximise supply you have to maximise the opportunity for people to develop new supply.". About Cooper Energy Limited (ASX: COE) is an ASX listed exploration and production company which generates revenue from gas supply to south-east Australia and low-cost Cooper Basin oil production. ... We are Energy Drilling. Cooper Energy (ASX: COE) advises abandonment of the successful well, Annie-1, has been completed and the Diamond Offshore Ocean Monarch drill rig has been released. All Rights Reserved - Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654. Show drilling results for. "Preliminary analysis of the geological data from Annie-1 is consistent with the mid-range of our pre-drill estimates," Mr Maxwell said. in VIC/P44 (Cooper Energy Operator and 50% interest holder). Embed article link: (copy the HTML code below): This article has been tagged under the following: Upstream news On 6 September the Annie gas field discovery offshore Australia was announced. A Lost Time Injury occurred during the course of preventative maintenance operations. Roy Cooper is making another plea to President Donald Trump to include North Carolina in a ban on offshore drilling. Anson Resources' Yellow Cat Project returns high-grade uranium and vanadium... 88 Energy lifts stake in Charlie to 75% as it eyes new farm-out. Abandonment of the well has been delayed Cooper Energy Managing Director, David Maxwell, said: “While we are closing the drilling campaign early Royal Bank of Canada oil and gas analyst Ben Wilson said the firm had recently upgraded Cooper Energy to a "outperform rating" compared to the sector average over the coming 12 months, based on the development of the Sole gas field in the Gippsland Basin. The abandonment of the well was delayed due to the failure of 2 of the drilling rig's 8 mooring chains as announced 16 September. Drilling is planned to commence between March and May and is expected to take approximately 30 days per well excluding weather and operational delays. Annie-1 made a new gas field discovery, announced to the ASX on 6 September 2019. has added to our portfolio of development opportunities which can add to our reserves and production Ben is a journalist for The Sydney Morning Herald. Therefore, Cooper Energy has proposed to defer the drilling of the Elanora-1 well that was Cooper Energy, together with Mitsui, recently acquired the idle Minerva Gas Plant to establish a low-cost gas processing hub for their existing offshore Otway gas production and new discoveries such as Annie. The east coast of the country faces a gas shortage with a recent report predicting Victoria will have a shortage of gas by winter 2022 with declining levels in old fields and a ban on onshore gas exploration in Victoria and New South Wales. expected this work will be completed later this week, at which point final abandonment operations will Drilling on location at Annie-1.Credit:Cooper Energy. Upstream project news Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China. Elanora remains as an exploration target to test in the future”. Annie-1, the first of two gas exploration wells, made the discovery on Wednesday and Cooper's managing director David Maxwell said the find had the potential to supply customers within just over two years. We do this with care, strive to provide attractive returns for our shareholders and good commercial outcomes for our customers. Plugged & abandoned. Abandonment of Annie-1 is now expected to be completed within the next 2019 / 2020 Otway Basin (onshore) Well Permit Interest Operator Spud Date Rig Release Outcome; Dombey-1 DW1: PEL 494: 30%: Beach Energy: 10 September 2019 ... Cooper Energy: 2 August 2019: 26 September 2019: New gas field discovery. The Annie-1 wellbore has now been Email: enquiries@oilfieldtechnology.com. complete. In the coming months, the company will make further assessments to estimate the size of the field, with production expected to be up and running by the second half of 2021. Energy Drilling Company has a custom rig that can match your drilling needs. Become a member » Analysis of information obtained from Annie-1 is ongoing and, when complete, an announcement on the field size and development outlook will be made. Cooper Energy's shares jumped 10.3 per cent to 64.50 cents, an 11-year high, making the company the best performer on the S&P/ASX 200 in early trading. The company is an emerging player in the south-east Australian energy sector holding a portfolio of gas supply contracts and one of the most extensive portfolios of gas-focused acreage and assets, including well-located reserves and resources in the Otway and Gippsland basins. resume, weather permitting. securely plugged with downhole cement plugs installed. Cooper Energy managing director David Maxwell.Credit:Ben Rushton. The drilling project is the first offshore gas exploration Cooper Energy has conducted in Australia and the first of an $80 million joint venture drilling campaign with Mitsui E & P Australia. Offshore news Operations are 24hrs/day. From shallow, vertical, and directional wells to double pipe setters and extended reach horizontal wells. Planning is underway to secure a rig for an offshore Otway campaign in which Elanora could be drilled. Cooper Energy (ASX:COE) and its partners have spudded the Jenners-1 exploration well in the Cooper Basin, South Australia.The Jenners prospect is located 5.2 kilometres northwest of the Keleary field, which has produced more than 1.6 million barrels of oil from the Poolowanna Formation, with additional oil production from the Tinchoo, Birkhead and Hutton Formations.It is a four-way dip closed anticline defined by the 2013 Dundinna 3D seismic survey.Jenners-1 is located 2.3 kilometres north of Fairbridge-1, which was drilled in December 2005-January 2006 based on 2D seismic data and had oil shows in the Birkhead and Poolowanna Formations but is now interpreted to have been drilled outside of structural closure.Bagheera East-1, drilled recently in PEL 514 approximately 4.3 kilometres northeast of Jenners-1, also had oil shows at multiple levels.Cooper has a 19.165% interest in PEL100. It is Oil & gas news. Cooper Basin; Otway Basin; Gippsland Basin; Our Operations > Australia > Cooper Basin Cooper Basin. It is expected, subject to rig and equipment availability, this campaign could commence in FY21. Copyright © 2020 Palladian Publications Ltd. All rights reserved | Tel: +44 (0)1252 718 999 | Cooper Energy The drilling project is the first offshore gas exploration Cooper Energy has conducted in Australia and the first of an $80 million joint venture drilling campaign with … JAKARTA (rambuenergy.com) – Australian-listed oil and gas company Cooper Energy Limited (ASX:COE) said that the drilling of Bunian-3 well in Sukananti joint operating scheme (KSO) has been progressing well. The release of the Ocean Monarch has concluded the offshore Otway drilling campaign with the decision having been made to defer the drilling of Elanora-1. "It is very pleasing as exploration is a risky game and you can't guarantee success," Mr Maxwell said. Therefore, Cooper Energy has proposed to defer the drilling of the Elanora-1 well that was scheduled to follow Annie-1. But the Andrews government will consider loosening restrictions to allow conventional gas exploration from June next year. Cooper Energy has discovered a new gas field in the Otway Basin off the coast of Victoria, the first found in the basin in more than 10 years. Analysis into the root cause of the failure of the 2 mooring chains may take more than a month to following failure of 2 of the Diamond Offshore Ocean Monarch drilling rig’s 8 mooring chains. The shares briefly rose to as high as 68.50 cents. Annie-1 made a new gas field discovery, announced to the ASX on 6 September 2019. Bunian-3 is an onshore vertical well in the Sukananti KSO, South Sumatra. Drilling of Elanora-1 will be considered in the context of future campaigns. Cooper Energy (ASX: COE) advises abandonment of the successful well, Annie-1, has been completed and the Diamond Offshore Ocean Monarch drill rig has been released. growth. Vice President. Save to read list Drilling; Australia. Northern Lights partners to give open access to well data. Published by Get started absolutely FREE in 2 minutes, no credit card required. Alan Cooper. after the completion of one well, we are pleased with its outcome. Abandonment operations were completed, and the rig released off location, this morning. Our Operations > Australia Australia. In NSW, the gas ban is unofficial, but is considered by many an "implicit" ban as projects are not proceeding.

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